2-3 Cars to buy out of failing public transport
Private school to make up for failing schools or at least a house in a rich school district enclave
Private senior caretaker because there are no good adult homes for any price
Gated community for failed policing
Etc etc and you get stuck in this cycle of having to buy your way out of society’s problems that’s really hard to stop but also hard to maintain if you loose your job.
This is really it. I certainly have some lifestyle inflation in my life, but not a lot compared to many others in my income bracket. I have no desire to increase my consumption beyond where I've been for some time.
Even though I logically know I'm in a great financial position - especially compared to the average citizen - seeing the costs and trends just make the treadmill seem endless. Then you add in elder dependents, kids, and probably some extended family who will also need help. It tends to be overwhelming.
I'm coming to the conclusion "security" is an illusion and always has been, so I'm trying to take a different approach towards money moving into 2022.
Interesting that you put it that way - a few years back, when I was sort of floating in space the book "The Wisdom of Insecurity" by spiritual-entertainer Alan Watts, though a bit dated, was helpful for me on a personal level.
(I mean it feels super foreign to me but it's a much better explanation than "greed" or "yeah but the house prices")
I'm sure a lot of us feel this way because you need some psychological threshold where you realize that even in the worst case scenario, you can keep yourself fed and still keep a roof over your head.
Make sure you hold on to those gains, a divorce could cut your safety net in half super quick.
Of course, living to acquire money to acquire (the perception of) safety is itself a form of suffering.
The lack of a social safety net contributes to further suffering in the form of anxiety.
Of course, the market can change (narrator: inflation is at 7% in the US now while Argentina looks on and says, “hold my beer”), leaving your savings and best laid plans diminished.
Our form of capitalism is a capricious master.
(edit) This insecurity is a 'feature', not a bug, in our social fabric though - it keeps workers compliant and 'grateful' to have income even when work conditions are otherwise unacceptable. It's why some fight so hard to prevent any expansion of a social safety net.
Personally, I only started feeling safe when my savings edged up towards 1M.. but I may also be more anxious than most.